Published: May 20, 2021
The Best Indiana Certificate of Deposit (CD) Rates [Updated: December 2023]
Deciding on a solid short-term investment but don’t know what to choose? If you’re looking to invest for somewhere between 2 and 5 years, certificates of deposit (CDs) and annuities are two great choices.
In this blog, we list the best CD rates in Indiana for December 2023 compared to fixed annuity rates.
Spoiler alert! Annuities help grow your money significantly faster than CDs!
Best CD Rates in Indiana vs Annuity Rates (December 2023)
The following are the best CD rates in Indiana for December 2023 compared to the best annuity rates. Only insurers rated B++ or better are shown here.
Best 5-Year CD Rate and Annuity Rate (60 Months)
| Company | Rate | Minimum Deposit | |
| 5-Year CD Rate | BMO Alto | 4.50% | $1,000 |
| 5-Year Annuity Rate | Canvas Future Fund Annuity | 6.50% | $2,500 |
Best 3-Year CD Rate and Annuity Rate (36 Months)
| Company | Rate | Minimum Deposit | |
| 3-Year CD Rate | Popular Direct | 5.00% | $10,000 |
| 3-Year Annuity Rate | Canvas Future Fund Annuity | 6.30% | $2,500 |
Best 2-Year CD Rate and Annuity Rate (24 months)
| Company | Rate | Minimum Deposit | |
| 2-Year CD Rate | Popular Direct |
5.30% | $10,000 |
| 2-Year Annuity Rate | Oceanview | 5.30% | $20,000 |
The information in this article is accurate as of March 7, 2024. Please visit our site for the most up-to-date information.
Find CD Rates and Fixed Annuity Rates By State
Did we cover everything?
Submit your idea for our next blog article!
Continue Reading
Planning for Your Ideal Retirement Lifestyle
Retirement Income Strategies: Turning Savings into Lifelong Income
